Company profile

ADC stock data

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Calendar

19 Oct 20
27 Oct 20
31 Dec 20

News

Quarter (USD) Sep 20 Jun 20 Mar 20 Sep 19
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 19 Dec 18 Dec 17 Dec 16
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS

Financial data from company earnings reports.

Date Owner Security Transaction Code 10b5-1 $Price #Shares $Value #Remaining
23 Oct 20 Joey Agree Common Shares Buy Aquire P No 65.79 8,058 530.14K 388,520
22 Oct 20 Joey Agree Common Shares Buy Aquire P No 65.58 7,235 474.47K 380,462
19 Aug 20 Erlich Craig Common Shares Grant Aquire A No 0 4,541 0 19,217
3 Jun 20 Rossi Jerome R Common Shares Sell Dispose S No 67.485 2,000 134.97K 2,171
14 May 20 Leopold Simon Common Shares Buy Aquire P No 55.25 1,500 82.88K 4,262
13F holders
Current Prev Q Change
Total holders 267 274 -2.6%
Opened positions 38 48 -20.8%
Closed positions 45 49 -8.2%
Increased positions 120 111 +8.1%
Reduced positions 78 83 -6.0%
13F shares
Current Prev Q Change
Total value 3.95B 3.3B +20.0%
Total shares 60.18M 53.21M +13.1%
Total puts 4.8K 5.5K -12.7%
Total calls 4.8K 12.2K -60.7%
Total put/call ratio 1.0 0.5 +121.8%
Largest owners
Shares Value Change
BLK BlackRock 9.23M $606.51M +24.9%
Vanguard 7.91M $519.67M +11.5%
CNS Cohen & Steers 7.27M $477.94M +435.7%
Zimmer Partners 3M $197.13M +9.1%
STT State Street 2.71M $179.69M +50.9%
IVZ Invesco 1.97M $129.31M -53.9%
PFG Principal Financial 1.78M $116.82M +24.7%
DB Deutsche Bank 1.69M $111.08M -5.0%
APG Asset Management US 1.37M $89.96M +11.3%
Nuveen Asset Management 1.33M $87.36M +5.1%
Largest transactions
Shares Bought/sold Change
CNS Cohen & Steers 7.27M +5.92M +435.7%
IVZ Invesco 1.97M -2.3M -53.9%
C Citigroup 55.06K -1.96M -97.3%
BLK BlackRock 9.23M +1.84M +24.9%
STT State Street 2.71M +915.15K +50.9%
Vanguard 7.91M +818.31K +11.5%
Citadel Advisors 600.01K -640.05K -51.6%
Geode Capital Management 1.03M +401.69K +63.6%
Lasalle Investment Management Securities 338.98K -380.59K -52.9%
PFG Principal Financial 1.78M +351.92K +24.7%

Financial report summary

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Risks
  • Economic and financial conditions may have a negative effect on our business and operations.
  • Our business is significantly dependent on single tenant properties.
  • Bankruptcy laws will limit our remedies if a tenant becomes bankrupt and rejects its leases.
  • Our portfolio is concentrated in certain states, which makes us more susceptible to adverse events in these areas.
  • Our tenants are concentrated in certain retail sectors, which makes us susceptible to adverse conditions impacting these sectors.
  • There are risks associated with our development and acquisition activities.
  • We own certain of our properties subject to ground leases that expose us to the loss of such properties upon breach or termination of the ground leases and may limit our ability to sell these properties.
  • Loss of revenues from tenants would reduce the Company’s cash flow.
  • The availability and timing of cash dividends is uncertain.
  • We face risks relating to information technology and cybersecurity attacks, loss of confidential information and other business disruptions.
  • A loss of key management personnel could adversely affect our performance.
  • Our performance and value are subject to general economic conditions and risks associated with our real estate assets.
  • The fact that real estate investments are relatively illiquid may reduce economic returns to investors.
  • Our ability to renew leases or re-lease space on favorable terms as leases expire significantly affects our business.
  • Our leases contain certain limitations on tenants’ real estate tax, insurance and operating cost reimbursement obligations.
  • Potential liability for environmental contamination could result in substantial costs.
  • Uninsured losses relating to real property may adversely affect our returns.
  • Our level of indebtedness could materially and adversely affect our financial position, including reducing funds available for other business purposes and reducing our operational flexibility, and we may have future capital needs and may not be able to obtain additional financing on acceptable terms.
  • Covenants in our credit agreements and note purchase agreements could limit our flexibility and adversely affect our financial condition.
  • Credit market developments may reduce availability under our revolving credit facility.
  • An increase in market interest rates could raise our interest costs on existing and future debt or adversely affect our stock price, and a decrease in interest rates may lead to additional competition for the acquisition of real estate or adversely affect our results of operations.
  • Our hedging strategies may not be successful in mitigating our risks associated with interest rates and could reduce the overall returns on your investment.
  • LIBOR is being phased-out as a reference rate for debt and hedging agreements and may require us to transition LIBOR-based contracts to an alternative reference rate.
  • Our charter, bylaws and Maryland law contain provisions that may delay, defer or prevent a change of control transaction.
  • Future offerings of debt and equity may not be available to us or may adversely affect the market price of our common stock.
  • An officer and director may have interests that conflict with the interests of shareholders.
  • Complying with REIT requirements may cause us to forego otherwise attractive opportunities.
  • Failure to qualify as a REIT could adversely affect our operations and our ability to make distributions.
  • U.S. federal tax reform legislation could affect REITs generally, the geographic markets in which we operate, our stock and our results of operations, both positively and negatively in ways that are difficult to anticipate.
  • Changes in tax laws may prevent us from maintaining our qualification as a REIT.
  • Complying with REIT requirements may force us to liquidate or restructure otherwise attractive investments.
  • We may have to borrow funds or sell assets to meet our distribution requirements.
  • Our ownership of and relationship with our TRSs will be limited, and a failure to comply with the limits would jeopardize our REIT status and may result in the application of a 100% excise tax.
  • Liquidation of our assets may jeopardize our REIT qualification.
  • We may be subject to other tax liabilities even if we qualify as a REIT.
  • Dividends payable by REITs do not qualify for the reduced tax rates on dividend income from regular corporations.
  • Complying with REIT requirements may limit our ability to hedge effectively and may cause us to incur tax liabilities.
Management Discussion
  • The Company’s real estate investment portfolio grew from approximately $2.1 billion in gross investment amount representing 789 properties with 14.0 million square feet of GLA as of September 30, 2019 to approximately $3.0 billion in gross investment amount representing 1,027 properties with 21.0 million square feet of GLA at September 30, 2020. The Company’s real estate investments were made throughout and between the periods presented and were not all outstanding for the entire period; accordingly, a portion of the increase in rental income between periods is related to recognizing revenue in 2020 on acquisitions that were made during 2019. Similarly, the full rental income impact of acquisitions made during 2020 to-date will not be seen until the remainder of 2020.
Content analysis ?
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H.S. senior Bad
New words: certificate, Chief, death, disability, embedded, employment, enterprise, freestanding, indenture, issuer, Joel, notice, onset, pool, preceding, President, presumption, purpose, rebut, removing, rescinding, revise, salary, simplify, trustee, unconditionally
Removed: exemption, registration, reliance